Low purchase price with renovation potential close to transport and amenities.
One double bedroom with open-plan living space, circa 549 sq ft
Requires renovation throughout; cosmetic and functional works likely
Lease around 80 years remaining — may affect mortgage availability
Very high annual ground rent £3,792 (reportedly includes some utilities)
Council tax described as very cheap, reducing running costs
No flood risk; double glazing and mains gas central heating present
Fast broadband and excellent mobile signal; good transport links
Area has above-average crime and high deprivation — consider locality
This one-bedroom end-of-terrace property at 425 Tangmere Drive offers a compact, modern living space with clear potential for a first-time buyer or investor prepared to renovate. The building dates from the early 2000s and benefits from double glazing, mains gas central heating and a bright, open-plan living area that maximises natural light.
Important practical points are straightforward: the flat requires refurbishment throughout, so expect cosmetic and likely minor functional works. The lease has around 80 years remaining and the annual ground rent is very high (£3,792) — the amount reportedly includes some utilities. These lease and service costs may affect mortgage eligibility and running costs, so seek mortgage and legal advice early.
Location-wise the flat sits in a well-connected urban area with fast broadband, excellent mobile signal and regular public transport into Birmingham. Local schools nearby have Good Ofsted ratings and local amenities are within walking distance. However, the neighbourhood records above-average crime and high area deprivation, which may concern some buyers.
For the right buyer this is a low-entry-price opportunity to create a comfortable home or a rental asset. Factor in renovation budget, the short-ish lease and high ground rent when assessing affordability and long-term returns.
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